Tax AnalysisWWI
ME
Ten Mile Urban Renewal District (URD) Property Tax Analysis
Question: Using today's City Levy what would be the property tax for the City of Meridian and Ten Mile URD?
Answer:
According to the Ten Mile URD Plan of expected taxable values, the 20yr property tax receipt possible for the City
would be $23,805,056.
If the District is approved the 20yr tax receipt for the City would be $3,031,924,
If the District is approved the 20yr tax receipt for the URD would be $48,091,696.
City ofMeridian LEVY 201/5 0.003944925Ten Mile Urban Renewal proposed LEVY `` ' `` � (}.0092
The Ten Mile URD approx acres 301
City Property Taxes without URD approved
URD Property Taxes
...Ye , ar —
,Taxable ,Va . I ; u , e-
City Prop e rty Ta x
TenMileURD
URDPropertyTax
2017
38,428,153
$
151,596
2018
38,812,435
$
153,112
384,282
$
3,535
2019
77,450,559
$
305,537
39,022,406
$
359,006
2020
85,110,064
$
335,753
46,681,911
$
429,474
2021
112,946,540
$
445,566
74,518,387
$
2022
121,570,787
$
479,588
83,142,634
$
764,912
2023
151,200,339
$
596,474
112,772,186
$
1,037,504
2024
153,816,424
$
606,794
115,388,271
$
1,061,572
2025
247,608,250
$
976,796
209,180,097
$
1,924,457
2026
222,145,729
$
876,348
183,717,576
$
1,690,202
2027
252,311,009
$
995,348
213,882,856
$
1,967,722
2028
341,979,532
$
1,349,084
303,551,379
$
2,792,673
2029
318,615,936
$
1,256,916
280,187 ' 783
$
2,577,728
2030
352,298,026
$
1,389,789
313,869,873
$
2,887,603
2031
428,949,159
$
1,692,172
390521,006
$
3,592,793
2032
432,290,019
$
1,705,352
393:861,866
$
3,623,529
2033
444,695,520
$
1,754,290
406,267,367
$
3,737,660
2034
549,168,517
$
2,166,429
510,740,364
$
4,698,811
2035
530,412,535
$
2,092,438
491,984,382
$
4,526,256
2036
573,607,176
$
2,262,837
535,179,023
$
4,923,647
2037
560,9312,779
$
2,212,838
522,504,626
$
4,807,043_
TOTAL
$
23,805,056
TOTAL
$
48,091,696
City portion ofURD ($151.5U6each year x2Oyre) $ 3,031.924
Finance Miscellaneous Notes
Note for comparison ofvalues:
The Village commercial taxable value
The Town Sq [Na|| commercial taxable value
TOTAL
Taxable Value Acres
$ 233,701.100 107
$ 244,093,000 144
$ 477,794,100 311
Taxable values obtained from Phil Kuoh|anreport dated Aph|2O1O
Ten Mile URD proposed Levy obtained from Phil Kushlan report dated April 2016
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